Sunshine Metals Limited (ASX:SHN) Firms Up Targets Near Liontown
New Geological Insights
Sunshine Metals Limited (ASX:SHN) has announced new interpretations of the Au-Cu-Zn stratigraphic contact at Liontown, suggesting the existence of a 3.5km long dome formed by tight folding. This area hosts only limited prior drilling, mainly focused on the southern edge of the contact. The company aims to explore further targets including Tigertown, Cougartown, and Lynx in 2025.
Upcoming Drilling Plans
Drilling activities at Tigertown are scheduled to commence in February 2025. The company plans to evaluate six key targets located along the prospective domed contact, which promises significant growth potential for the Liontown Resource. Historic intersections from previous drilling, including 17m @ 3.05g/t Au, demonstrate the area’s rich mineralisation.
Future Exploration and Activities
The company will undertake various activities in early 2025, including geophysical survey results and further mapping updates for the Liontown dome. Pending results will help refine and prioritise future drill targets within the greater Ravenswood Consolidated Project, which contains considerable historical production records of gold and base metals.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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